Deal on ending the Iran war sends global stocks soaring while oil prices fall

Subscribed with another email? Logout and Login with that one. Account subscription benefits alongside Premium Stories, Editorials, Opinions and more. Unlock these with Subscription The View From India Looking at World Affairs from the Indian perspective. First Day First Show News and reviews from the world of cinema and streaming. Today's Cache Your download of the top 5 technology stories of the day. Science For All The weekly newsletter from science writers takes the jargon out of science and puts the fun in! Data Point Decoding the headlines with facts, figures, and numbers THEdge At the cutting edge of education and careers Health Matters Ramya Kannan writes to you on getting to good health, and staying there Gender Agenda Stories from beyond the binary. The Hindu On Books Books of the week, reviews, excerpts, new titles and features. Updated - June 15, 2026 09:10 am IST - Tokyo Vessels at the Strait of Hormuz, as seen from Musandam, Oman. File | Photo Credit: Reuter Share prices soared on Monday (June 15, 2026) in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz. Benchmarks in Tokyo and Seoul gained more than 5% early Monday. Oil prices fell more than $3 a barrel. The future for the S&P 500 was up 1% and that for the Dow Jones Industrial Average gained 0.8%, auguring early gains for Wall Street. U.S. President Donald Trump confirmed the initial agreement and authorized an end to the U.S. naval blockade of Iranian ports. Iran confirmed the agreement but signaled that implementation would not start until a signing that Pakistan said would be held Friday in Switzerland. Broader negotiations on issues like Iran’s nuclear program are expected to continue over the next 60 days. In early trading on Monday (June 15, 2026), the price of Brent crude oil, the international standard, fell $3.45 to $83.88 per barrel. U.S. benchmark crude lost $3.95 to $80.93 per barrel. But it may take months for oil prices to stabilize after the disruptions from the war caused them to surge, pushing costs up gasoline and many other products. Energy experts said shipping and insurance companies will want to be confident the pact will hold, ensuring that oil and gas supplies will flow freely enough for the world’s needs to be met. “Markets are likely to be cautious in not over-extending optimism as they watch for an actual resumption of traffic across Hormuz,” Mizuho Bank analysts said in a commentary. Still, the news was a huge relief for markets that have been roiled since the conflict began in late February. The deal on ending the war offers relief to the global economy more than three months since fighting began. Stocks rallied in Asia, where Tokyo’s Nikkei 225 gained 5.1% to 69,367.06 as the benchmark logged another record high. Buying was heaviest for technology shares, especially those related to artificial intelligence. The boom in AI has been driving gains in Japan, where the benchmark has gained more than 80% in the last year. “This is great news,” said Takashi Hiroki, chief strategist at Monex. “Buying by foreign investors is leading the market with expectations of easing tensions around the situation in the Middle East. Then the decline in New York crude oil futures is supporting this positive market.” The Kospi in Seoul led regional gains, surging 5.6% to 8,577.62. In Australia, the S&P/ASX 200 advanced 1.4% to 8,930.50. Taiwan’s Taiex was up 2.6%. U.S. stocks rose on Friday (June 12, 2026) after oil prices fell, and Elon Musk’s SpaceX soared in its highly anticipated debut on Wall Street. On Friday (June 12, 2026), the S&P 500 added 0.5% to close out its 10th winning week in the last 11. The Dow Jones Industrial Average climbed 353 points, or 0.7%, and the Nasdaq composite gained 0.3%. In other dealings early Monday (June 15, 2026), the dollar rose to 160.15 Japanese yen from 160.12 yen late Friday (June 12, 2026). The euro climbed to $1.1596 from $1.1578. oil and gas - upstream activities / oil and gas - downstream activities / West Asia / Israel-US strikes on Iran Copyright© 2026, THG PUBLISHING PVT LTD. or its affiliated companies. All rights reserved. Terms & conditions | Institutional Subscriber Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Deal on ending the Iran war sends global stocks soaring while oil prices fall

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Deal on ending the Iran war sends global stocks soaring while oil prices fall

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